I believe the company is going to become very americanised very quickly
The senior executives are US based, the de facto HQ is Belllevue Seattle (nice spot)
Largest customers from US
Westpac threatening to withdraw credit is shocking. Calvo is not the only person surprised to find that agreed credit lines were a mirage. I expect that new bankers are a priority for the CFO. I think a US bank will be selected.
The criticism that the sales force are order takers is textbook US MBA, giving justification for centering Sales and Marketing in the US
EGM to enable large share incentives for new hires
Not saying this is bad just that the cultural changes required will lead to a geographic relocation
Next step NASDAQ
Ann: Strategy refresh and capital raising presentation, page-89
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